Tele Columbus entering mobile market this year; not planning sale of company alongside IPO

14 Jan 2015

Ronny Verhelst, CEO of German cableco Tele Columbus, said yesterday that the company is planning to enter the mobile services market for the first time this year to diversify its business model, which is currently focused on TV, fixed broadband and fixed telephony, reports Reuters. The statement came alongside the announcement of the firm’s initial public offering (IPO), and Verhelst also ruled out a parallel strategy of seeking to sell the company to a third party alongside the IPO; ‘I can definitely rule out a dual track [approach],’ the CEO confirmed. TeleGeography’s GlobalComms Database says that Tele Columbus provides cable TV, broadband internet access and IP-based cable telephony services to around 1.7 million connected households in its core eastern areas of Berlin, Brandenburg, Saxony, Saxony-Anhalt, Thuringia, as well as parts of Lower Saxony and North Rhine-Westphalia. Although not explicitly stated by the CEO, it is assumed that an entry to the cellular market would be based on a mobile virtual network operator (MVNO) venture.

Germany, Tele Columbus Group (PYUR)